The Reality of Inflation in the US. Economy

Inflation needs to average a lot more than sort of two point four two point eight % on a headline bank basis, to kill sort of the inverse correlation between stocks and bonds. If we're not talking about a 19 70 style runaway inflation, that obviously has material implications from an asset mark ef perspective. So i ynow, for a lot of institutional acid allicators out there listening to this, i know they are sort of, you now, kind ofa relieved to hear me say this. Youno, that persistently positive correlation was during a time where inflation, the station i mean of inflation, was five %,. or basically twice as what we're king about its likely to